Oriental Carbon & Chemicals Limited Announces Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2017
November 26, 2017 at 10:06 pm EST
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Oriental Carbon & Chemicals Limited announced unaudited standalone earnings results for the second quarter and half year ended September 30, 2017. For the quarter, the company reported total revenue of INR 761.011 million compared to INR 750.08 million a year ago. Profit before exceptional items and tax was INR 179.260 million compared to INR 186.706 million a year ago. Profit before tax was INR 179.260 million compared to INR 186.706 million a year ago. Profit for the period was INR 124.249 million or INR 12.07 per basic and diluted share compared to INR 148.733 million or INR 14.45 per basic and diluted share a year ago. EBITDA was INR 240 million compared to INR 232 million a year ago.
For the half year, the company reported total revenue of INR 1,584.651 million compared to INR 1,549.515 million a year ago. Profit before exceptional items and tax was INR 384.401 million compared to INR 372.047 million a year ago. Profit before tax was INR 384.401 million compared to INR 372.047 million a year ago. Profit for the period was INR 269.814 million or INR 26.21 per basic and diluted share compared to INR 294.005 million or INR 28.55 per basic and diluted share a year ago. EBITDA was INR 506 million compared to INR 466 million a year ago.
Oriental Carbon & Chemicals Limited is an India-based company, which is engaged in manufacturing of insoluble sulfur. The Company's segments include Chemicals and Investments. The Companyâs insoluble sulfur includes regular grades, high stability grades and special grades. Its regular grades are Diamond Sulf OT-10, Diamond Sulf OT-20 and Diamond Sulf OT-33. Its high stability grades are diamond Sulf OT-10 HS, Diamond Sulf OT-20 HS and Diamond Sulf OT-33 HS. Its special grades are Diamond Sulf OT-20 HD and Diamond Sulf OT-25 AS. The Company manufactures commercial grade, battery grade sulfuric acid and Oleum. The Companyâs sulfuric acid is used as a dehydrating agent, catalyst and active reactant in chemical processes, solvents, and absorbents. Its battery grade is used in storage batteries, rayon, dye, acid slurry and pharmaceutical applications. Its commercial grade is used in the manufacturing of steel, heavy chemicals, and super-phosphates.